DuPont de Nemours (NYSE:DD) Updates Q4 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.98 for the period, compared to the consensus estimate of $0.98. The company issued revenue guidance of $3.07 billion, compared to the consensus revenue estimate of $3.07 billion.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DD shares. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company raised their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.33.

DuPont de Nemours Stock Performance

NYSE DD traded up $1.03 during trading on Wednesday, hitting $76.31. 1,980,422 shares of the company’s stock traded hands, compared to its average volume of 2,470,393. The business has a 50 day moving average of $80.02 and a 200-day moving average of $81.47. The stock has a market capitalization of $31.89 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 1.95 and a beta of 1.35. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.